Answer:
The correct option is A, Samantha weed and Adam will rake because these are the goods each has a comparative advantage in.
Explanation:
The opportunity formula comes handy in this case, which is given below:
opportunity cost formula=what one sacrifices/what one gains
If Samantha were to weed flower beds, opportunity cost is computed thus:
Opportunity cost of Samantha weeding flower beds=8/4= 2 bags of leaves raked
The opportunity of Adam weeding flower beds=25/5 =5 bags of leaves raked.
In a nutshell ,if Samantha weeds flowers they would lose 2 bags of leaves raked while if Adam were to do so same, they would lose 5 bags of leaves raked, conclusively Samantha should weed flower beds since she has lower opportunity, higher comparative advantage
Changes and trends are sources of new enterprise ideas. An example can be found in the advent of technology. The advent of internet-enabled devices has led to the growth of internet service providers. The use of headphones, Bluetooth devices, and other accessories has been borne because of new technologies that were not available some fifty years ago.
Changes in trends can lead to the birth of new businesses. Changes in weather condition that pose the risk of skin damage has led to the popularization of sunblocks.
Internet-enabled devices have also led to the introduction of enterprises that deal with gadgets accesories.
These examples show that changes and trends are sources of new enterprise ideas.
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Answer:
6,250 units
Explanation:
The computation of the number of units that should be sold and produced in order to break even is shown below:
as we know that
Break even point = Fixed cost ÷Contribution margin per unit
Here
Contribution margin per unit = Selling price - Variable costs
= $28 - $12
= $16
So, the breakeven is
= $100,000 ÷ $16
= 6,250 units
The European Union is one of the world's largest single markets, with 25 member countries, a common currency, and more than 454 million consumers.
The European Union is a political and economic union of 27 member states that are located primarily in Europe. The EU provides for open borders between its member countries to facilitate trade without tariffs or duties.
Three bodies run the EU. The EU Council represents national governments. The Parliament is elected by the people. The European Commission is the EU staff. They make sure that all members act consistently in regional, agricultural, and social policies.
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